Credit, Collections & Insolvency News
In December the following administration notices have been issued and advertised in the London Gazette for the following companies: 19 RM LTD 316 ENGINEERING LTD. ACCUMULATE COMMERCIAL LTD ACICS LTD AIGENPULSE LTD ALPHA HOMES (LEICESTER) LTD AMTECH DEVELOPMENTS (UK) LTD ARTISAN INVESTMENT GROUP LTD BANANA KICK LTD BATES OF LONDON LTD BDL TOOL & DIE…
Read more
Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in December: 07696043 LTD 10 COMPUTERS LTD 110 CHESTERGATE HAIR LTD 112 (SPEKE) LTD 2020 DESIGN & BUILD LTD 2105 CATERING LTD 23LSI LTD 30 PERCY STREET LTD 365 HOSPITALITY CATERING LTD 3RD DIMENSION HOUSING LTD…
Read more
In December Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: 09192621 LTD 111 WOODBRIDGE LTD 4 LESS GROUP UK LTD 4U FASHIONS LTD A1 PLASTICS (WXM) LTD ABACI LTD ABP RAD ESCO LTD ACCUEIL NEW HOMES LTD ADCOMAT STORAGE LTD AHR HALAL POULTRY (UK) LTD AKDENIZ…
Read more
Latest figures from the Insolvency Service has shown that the number of businesses in England and Wales that business insolvencies rose by 18.7% in November 2021 to a total of 1,674 compared to October 2021’s total of 1,410, and increased by 87.9% compared to November 2020’s figure of 891. For the first time since the start…
Read moreLatest statistics from the Insolvency Service have shown that Northern Irish business insolvencies increased by 29% whilst personal insolvencies doubled when compared to 2020 in the latest monthly figures. In November 2021 there were 193 personal insolvencies in Northern Ireland, 11% more than double the number in November 2020, but 32% lower than November 2019.…
Read more
The number of business insolvencies (liquidations and receiverships) in Scotland doubled in November. In November 2021 there were 104 company insolvencies registered in Scotland, more than twice the number in November 2020 and 18% higher than in November 2019. The insolvencies comprised of 21 compulsory liquidations, 76 CVLs and seven administrations. There were no CVAs…
Read more
Research by PwC and Local Data Company shows that over one in ten (11%) of chain shops in Scotland failed to reopen after the lockdown in the first months of this year. The overall picture showed that there were 99 units, 4.7% of the total, that closed permanently while a further 143, or 6.8%, did…
Read more
A cashflow crisis brought on by the pandemic lockdowns has resulted in a 31% increase in restaurant insolvencies over the three-month period to September, compared to the previous quarter. The number of UK restaurant insolvencies has jumped 31% to 296 in the last quarter, up from 226 in the previous quarter*, our research shows. The…
Read more
Latest figures from the Insolvency Service has shown that the number of businesses in England and Wales that business insolvencies fell by 3% in October to a total of 1,405 compared to September’s total of 1,449, and increased by 63.6% compared to October 2020’s figure of 864. The increase in company insolvencies compared to October…
Read more
New research from CompanyDebt has predicted an incoming wave of business failures among the UK’s construction sector. The report says that supply and demand in the global energy market have pushed prices to a record high this month in what industry pundits are called a ‘perfect storm.’ Energy prices are now over 250% higher than…
Read more
In October Winding Up Petitions (Companies) have been issued and advertised in the London Gazette for the following companies: ALBION CONSULTANTS UK LTD ALE PILING LTD ANCESTORS OF DOVER LTD ASHTON WOOD LTD BARNSTAPLE ESTATE PROPERTIES LTD BRYANT HOUSE LTD BUILD MODULAR LTD CFL FINANCE LTD CHAPPELL CREST LTD COOKSON DEVELOPMENTS LTD DRAGON FIRE SYSTEMS…
Read moreA jump in creditors using court action to recover debts has sparked fears of a surge in insolvencies, with the 21,764 county court judgments lodged against companies in the three months to the end of September marking a 51% increase on the previous quarter. The latest red flag research for Q3 2021 from Begbies Traynor,…
Read more
Latest figures from the British Retail Consortium have shown that shop vacancy rates have stabilised after rising for three years The figures indicate that the rate was 14.5% in the third quarter, the same as the second. While no UK regions saw an increase, the vacancy rate is still at a record high. The proportion…
Read more